Amazon halts third-party shipping service [CNNMoney.com]
Amazon.com, Inc. (AMZN)
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Source: CNNMoney.com
Amazon halts its shipping service that competed with UPS and FedEx New York (CNN Business) Amazon is halting its third-party shipping service in the United States, which competed with FedEx and UPS, the company said Wednesday. The service, called Amazon Shipping, was being piloted in a handful of US cities. Amazon would pick up and deliver shipments for third party companies that sell on its site but don't keep products at Amazon ( AMZN ) warehouses. The company said it paused the service after a regular review meant to ensure that the company is best serving its customers. The pause comes amid a huge surge in business for Amazon, and online shopping more broadly, as people are urged to stay home and shops remain shuttered because of coronavirus . Last month, Amazon announced it would hire 100,000 new distribution workers to keep up with the demand. It also warned customers they could see longer-than-usual delivery times because of the large volume of orders.
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News
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- MacKenzie Scott is trying to close the DEI gap in higher ed, with $155 million in donations this week alone [Fortune]Fortune
- Amazon.com (NASDAQ:AMZN) had its "outperform" rating reaffirmed by analysts at BMO Capital Markets.MarketBeat
- MacKenzie Scott's Higher Ed Philanthropy Tops $1 Billion For The Year [Forbes]Forbes
AMZN
Earnings
- 10/30/25 - Beat
AMZN
Sec Filings
- 12/3/25 - Form 4
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- AMZN's page on the SEC website